MGMT 411 Case Study # 3: Westminster Company 1- What impact would the three new alternatives have on transfer and customer freight costs? Why? The way I see it there are a number of constraints placed on the company. System consolidation makes it easier for transportation economies to be gained. Truckload volumes would be more easily gathered to and from distribution centers, lowering transfer and customer freight costs.
The first way to improve working capital is to make the excess liquid funds work for the company. These funds should be invested back into the company. This can be accomplished by reducing long-term liabilities with high interest rates such as the mortgages on facilities. The second is to manage the inventory held by the company. Currently Competition Bikes purchases inventory for production the month before it goes to the production line.
Walgreens Essay Anita Henderson BUSS460 Rich Rawlinson March 7, 2010 In his popular book about business, Jim Collins discusses ways businesses can improve their performance, making a good company a great one. This paper discusses these concepts in regard to Walgreens. Walgreens is a great company to shop for a numerous of items, but the pay scale is downgraded for the amount of business that it produces. Collins begins by dismissing a number of “myths” about what has to happen in order for a company to effect change. The myths are as follows: first, there is the “Change Program,” the idea that all change begins with some sort of “launch event” (Collins, 2001).
In addition, there will be the opportunity cost of not having cash available for more useful requirements i.e. supplier discounts, interest income. Therefore, Willow Company needs to hold optimum levels of inventory and increase its sales in order to improve its inventory turnover and cash
A big drawback is that they have to modify the assembly line when the product to be manufactured changes (when changing the production of the two different anchor types). The first proposed long term strategy is to purchase new equipment that would easily fit both production lines. This will help in increasing the productivity. Another long-term objective is to analyze the current production process for both assembly lines and determine the time that it takes to get a line of production. The objective is to find areas that raise difficulties and eliminate them to speed up the process.
* Product lines that were not covering their avoidable costs could be dropped. * New product development is likely to receive more focus as the review program identifies areas of increasing demand. * Gourmet is likely to benefit from better monitoring of competitors’ product development, prices, and market share trends. F. This is an open-ended question; the specific steps are likely to vary based on the circumstances and the information found. Analysis for a given product might include the following general steps: * Identify the product to be analyzed by using a quantitative monitoring technique (e.g., size decline in contribution margin or sales) or some other method * Obtain and analyze detailed revenue and cost data prior periods; look for negative trends * Obtain and analyze the correlation of sales for this product with other products; look for potential relationships with other products that might influence a decision to drop the product * Obtain and analyze industry information about the product; look for information about trends in customer tastes, competition,
Recession occurs when people involved in business become more cautious and: * Customers cut back on spending, and start to save more * Manufactures and sellers cut back on their orders, produce fewer goods and start to cut back costs in general, including by laying off workers. Availability and cost of credit: People spend more when there is high demand for goods/services. In this case etisalat has the advantage of expanding their business. Many people will want to purchase numbers and different offers provided. A higher sales revenue will occur for etisalat which means the income the company receives from business activities, usually happen from sale of goods and services to customers.
Searching for new sources to be competitive is an ever forgoing challenge. Lasting success requires steady and sometimes dramatic cost reductions, quality and delivery improvements, reduced cycle times, and improved responsiveness to customer, competitive and financial market demands. As I think about the best way to respond to these demands, the development of global strategies and approaches, including global sourcing strategies, will become an increasingly attractive option. Well-developed global sourcing strategies should include improvement opportunities. Global sourcing involves proactively integrating and coordinating common items and materials, processes, designs, technologies, and suppliers across worldwide purchasing, engineering, and operating locations.
One of the key enabler would be leveraging the full potential of EDG acquisition. If pursuing e-discovery more than digital forensic is getting more revenue and reaching the target, it should be pursued. If this a strategy managements wants to pursue management needs to get employees engaged. To get employee’s attention a good manager could create an artificial crisis or a sense of urgency. May be one way will be to show the results of a major competitor where layoffs were rumored and presenting the undesirable outcomes that may result from current way of doing things .
Essay topic: “It is often asserted that new entrants more typically introduce radical innovations than do incumbent firms. Is this accurate? Discuss.” In this Essay I would describe the factors seen in the scholar literature as the key incentives for the firm to introduce the radical innovation, dwell on the correlation between these factors and the status of the firm (new entrant or incumbent), point out the changes of this correlation in historian prospective and elaborate on the current ratio of the new entrants and incumbent firms in the radical innovations and its possible future developments. It is important to notice that different kinds of radical innovations should be distinguished. While it is common to treat the new technology as a radical innovation, here we would talk about the radical innovation both in technical and economic sense.